Brazil: Heineken to acquire Brasil Kirin
Multinational Dutch brewer Heineken has agreed to acquire Brasil Kirin, one of the largest beer and soft drinks producers in Brazil, in a €665 million ($702 million) deal. As a result of the acquisition, Heineken said it would extend its footprint in Brazil, increasing its brand portfolio and becoming the second largest beer company in the […]
Brazil: Nestle to open new pet food plant
Food and drinks multinational Nestle has announced an investment of R$270 million ($86 million) in the opening of a new Nestle Purina plant to manufacture pet food in Brazil, reportedly the first to produce wet pet food in Latin America. According to a statement released by Nestle, the plant will be located in Ribeirao Preto […]
Mexico: Ilis dairy brand launched by Sonora milk producers
Dairy producers in the state of Sonora, Mexico have joined forces to launch a line of products under the brand name Ilis via an investment of M$132 million ($6.1 million). According to El Financiero, the investment is part of an effort to support milk producers in the state, backed by the UGRS (Regional Livestock Union […]
Brazil: Frimesa invests R$800 million in new plant
Brazilian meat manufacturer Frimesa has announced an investment of R$800 million ($251 million) to develop Brazil’s largest plant for pork-based products. According to Giro News, the facility will be 141,000 sq m in size, constructed on a plot of 115 hectares, and located in the city of Assis Chateaubriand in Parana. The first phase is expected […]
Brazil: Gavea Investimentos takes stake in Natural One
Gavea Investimentos, a Brazilian investment fund, has received approval from regulatory authorities to take a 49.9% stake in fruit juice firm Natural One, according to a Reuters report quoting a dispatch from the Diario Oficial da Uniao. It had previously been reported that major global firms including Coca-Cola, Ambev and Britvic were vying to buy into […]
Brazil: Hypermarcas sells nappy business to Ontex Group
Pharmaceutical and consumer products manufacturer Hypermarcas has announced the sale of its disposable hygiene products business that includes nappies for babies and sanitary products for adults. Ontex Group, an international manufacturer of personal hygiene products, has acquired the business for R$1 billion ($312 million), according to a report in Supermercado Moderno. The divested business includes […]
Brazil: Britvic to acquire Bela Ischia
Global soft drinks giant Britvic has decided to acquire Brazilian juice company Bela Ischia for £54.5 million ($66.9 million) in order to expand its presence in Latin America. The deal is set to conclude at the latest by the end of March of this year. Bela Ischia produces and sells RTD juices, frozen fruit, liquid […]
Brazil: Diageo launches Smirnoff X1 vodka drinks
Diageo, the global spirits giant, is set to launch a new line of vodka and fruit juice drinks in Brazil under the name Smirnoff X1. The new drinks range – available in the varieties Strawberry & Lime, Triple Citrus and Brazilian Berry – is described as being the first vodka product in Brazil to be sold […]
Brazil: SC Johnson to acquire insect repellent and detergent assets
SC Johnson, the US household and personal care firm, is to acquire insect repellent brand Exposis and assets under the Lysoform brand as it looks to strengthen its position in Brazil. Insect repellent brand Exposis is available exclusively over the counter in pharmacies throughout Brazil. It uses Picaridin as the active ingredient to repel mosquitoes […]
Brazil: Sorvetes Jundia opens first store
Brazilian ice cream manufacturer Sorvetes Jundia has announced the opening of its first physical store, which is located in the city of Sao Paulo. The opening is described as being part of the celebrations for the company’s 40th anniversary in 2017. The concept store, on the corner of Alameda Lorena and Rua da Consolaçao, will […]